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BasementComics Posts: 784
10/30/2019
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Hi,
I've noticed I still have quite a few comics that are not reflecting any costs in CPG. I've submitted some links from eBay showing prior sales but not sure what is going on with those.
Is there an easy way to find all the issues in a collection that don't have costs so that they can be submitted back to you for pricing review?
Thanks
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Ronbatman Administrator Posts: 2530
10/30/2019
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Allow me to explain some things behind the scenes. When we get a large backlog of variants (like right now) some admins will approve things to get them into the system without pricing. This allows you to enter them in your collection and file them away. It allows us to quickly move through the tremendous number of submissions that we receive.
Then at a later date, we can go back and do the necessary research to gather the pricing. Some books sell so infrequently that we cannot gather good data and those will remain at zero. Other books have sales history but we don't have the time to research them.
We are currently working on a way for members to submit links to us for research. The system is built but needs to be tested. We are working through this to the best of our abilities.
Ron
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BasementComics Posts: 784
10/30/2019
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Ronbatman wrote:
Allow me to explain some things behind the scenes. When we get a large backlog of variants (like right now) some admins will approve things to get them into the system without pricing. This allows you to enter them in your collection and file them away. It allows us to quickly move through the tremendous number of submissions that we receive.
Then at a later date, we can go back and do the necessary research to gather the pricing. Some books sell so infrequently that we cannot gather good data and those will remain at zero. Other books have sales history but we don't have the time to research them.
We are currently working on a way for members to submit links to us for research. The system is built but needs to be tested. We are working through this to the best of our abilities.
Ron
Thanks Ron
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Draven68 Posts: 138
10/31/2019
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I'm under the impression that a lot of the sales values are from and can be found on eBay by selecting and showing only sold items (found under "Show Only"). By selecting to show newer sold items first, you should have a better understanding of what the most recent sales are for that particular comic to see it's current value. Isn't that a good source for us all to use?
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Ronbatman Administrator Posts: 2530
10/31/2019
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Ebay sold items is part of the story. For some books, it's the only source but for others, it's just a piece of the puzzle. There are marked differences between the auction sources, storefronts, Facebook and our sales on CPG.
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Draven68 Posts: 138
10/31/2019
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Ronbatman wrote:
Ebay sold items is part of the story. For some books, it's the only source but for others, it's just a piece of the puzzle. There are marked differences between the auction sources, storefronts, Facebook and our sales on CPG.
I totally agree with you and from my perspective eBay is the place I go to get a true value of what the comic is worth. As we all know, anyone can ask any price they feel the comic is personally worth but it's what they're actually being sold/bought for that truly dictates the value of the comic. That's why storefronts, Facebook and such make it hard to get the truest worth of comics. For example, a seller puts a comic on eBay with a starting bid of $1.00 and 7 days later that comic sells for $15.00 (we won't count shipping and such). The storefront will either do their research ahead of time to get a feel of what it's going for or knowing how rare or popular it could be, they'll have their set price in mind and ask $25.00 for that same comic because they also need to make a profit to stay in business.
I say this because I got caught up in online Facebook auctions/sales and the bidding to get that newest big thing. If I had taken the time to check out eBay beforehand, I could have saved myself at least $10 - $100's of dollars per comic. The times that I paid $100's more was because that's what the storefronts were asking for at the time of the sale.
Hard lesson learned but learned just the same.
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Ronbatman Administrator Posts: 2530
11/1/2019
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All platforms have issues, so "true value" is a moving target.
For eBay, I look at their prices all day long. There are certain sellers who routinely get 30% to 50% more for the exact same book. How? It could be that they offer better shipping or the customer has a relationship with them. But it could also be an attempt to deceptively raise the price of a comic that they own multiple copies. I keep a list of sellers who have somehow gotten ridiculous prices. This week I saw a book CGC graded 9.8 sell for $169 and $110. Is it really worth 50% more?
For Facebook, I've seen the hottest books blow up into crazy prices. As you mention in your post, I don't think that is uncommon.
For Comics Price Guide, we see people buying filler books all the time. Because we have only a membership fee, sellers can sell more inexpensive items easier on our site. Our issue is when a book blows up because of some announcement people will buy the book out before we can even change the price. Someone is getting a great deal so I guess it works for the buyer.
R
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Defiant1 Posts: 720
11/2/2019
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Technically, Ebay sales should factor shipping costs. The cost to acquire the comic is not the closing auction price.
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